Process

Use these processing options to select default values. The processing options on this tab are used only by the Debit Credit Match program.

1. Reconciliation Type

Select an option that specifies the type of processing for an event.

Blank: Bank account reconciliation.

1: Matching debit credit reconciliation

2. Debit Credit Balance

Specify whether debits and credits are required to balance.Values are:

Blank: Debits and credits are not required to balance.

1: Debits and credits are required to balance.

3. Tolerance Limit

Specify the value for the tolerance amount by which debit and credit transactions can be out of balance. If you enter an amount, the debit and credit transaction can be out of balance by this amount and still be considered reconciled. If you leave this field blank, debits and credits must balance.

You use this processing option only when you enter 1 in the Debit Credit Balance processing option. For example, if you enter 1 in the Debit Credit Balance processing option and you leave this processing option blank, debits and credits must balance exactly or the system generates an error. If you enter 1 in the Debit Credit Balance processing option and you enter 5.00 in this processing option, debits and credits can be out of balance by 5.00 and the system still considers the transactions balanced and does not generate an error.

Note: This processing option is valid only for the Debit Credit Match program. This processing option is not valid for the Bank Account Reconciliation program.

4. Sort By

Specify the value to determine whether the system should sort transactions by amount or G/L date. Values are:

Blank: Sort transactions by G/L date.

1: Absolute value.

If you select this option, the system will sort the transactions by amount, regardless of whether they are debits or credits. You will be able to see an amount with the debit and credit together as opposed to searching for the offset of the amount by the G/L date.